There would be a few reasons why AJQ has been oversold in the last couple of days....the delays with the rigs would have forced out the short term traders for a little while as they seek out opportunities elsewhere, and then there was the news of the Vic frac ban, not good for the industry in general and there is always the chance it could prompt other states and territories to follow suit..... finally there is still (more than likely) a lot of IPO holders who have had enough and are looking to offload their stock
For me it's a good opportunity to top up on the cheap, the potential hasn't changed here though the timeline may have, albeit not by much.
Cheers
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